Stocks To Watch On 2 August: Hero MotoCorp, Maruti Suzuki, Adani Total Gas, Others In News

The BSE Sensex declined 68.36 points or 0.10 per cent to settle at 66,459.31. The NSE Nifty fell 20.25 points or 0.10 per cent to end at 19,733.55
Banking Stocks
Banking Stocks

Indian equity benchmark indices pared early gains to end lower on Tuesday, weighed by selling in index heavyweights Reliance Industries, PowerGrid, and ICICI Bank amid a mixed trend in global market. In addition, unabated foreign fund outflows also affected investor sentiment.

The BSE Sensex declined 68.36 points or 0.10 per cent to settle at 66,459.31. The NSE Nifty fell 20.25 points or 0.10 per cent to end at 19,733.55.

Top Stocks To Watch On 2 August:

Hero MotoCorp

Hero MotoCorp reported a 12 per cent decline in total sales in 3,91,310 units in July. The company had sold 4,45,580 units in the year-ago period. According to the company statement, domestic sales were at 3,71,204 units as against 4,30,684 units in July 2022. However, exports increased to 20,106 units from 14,896 units in the corresponding period of the year.

Maruti Suzuki India

The country’s largest car maker has announced production of over 1.86 lakh vehicles in July 2023, up around 1 per cent over production of 1.85 lakh vehicles in same period last year. Maruti will acquire a 100 per cent stake in Suzuki Motor Gujarat from Suzuki Motor Corporations. Maruti said its total domestic passenger vehicle sales stood at 1,52,126 units last month as compared to 1,42,850 units in the year-ago period, a growth of 6 per cent.

Adani Total Gas

Adani Total Gas reported a increase on 9 per cent in consolidated net profit at Rs 150 crore, compared to Rs 138 crore in the year-ago quarter. The gas distributor’s revenue from operations stood at Rs 1,056.1 crore, up 1.3 per cent from 1,042.3 crore in the year-ago period. On the operating front, the company’s EBITDA stood at 247.8 crore, a growth of 13.3 per cent.

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